The news driven short covering rally yesterday was impressive and now momo’s are being punished. Makes sense.
The title’s quote is one of many eminently quotable messages I had the pleasure of receiving over a few years of contact with a late, great and a very interesting man* named Jonathan Auerbach, who headed a unique specialty (emerging and frontier markets) brokerage in NYC called Auerbach Grayson. Jon was an honest and ethical man. He was also a gold bug (in that descriptor’s … Continue reading “It’s Inflation All the Way, Baby!”